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HomeMy WebLinkAboutReports Truckee Donner Pubiic Utility District Post Office Box 309 0 11570 Donner Pass Road ® Truckee, California 95734 (916)587-3896 General Manager Board of Directors '000MV Peter L Holzmeister Joseph R.Aguera John L,Corbett Richard K.Curran James A.Maass Patricia S.Sutton MEMORANDUM March 30, 1990 TO: Board of Directors From: Peter L. Holzmeister, General Manager Subject: District organization chart INTRODUCTION At several Board -meetings over the last few years we have discussed the current organization of the District's departments and possible reorganizations, but we never really completed the process by adopting an organizational chart. An organizational chart is a diagram that shows how we are organized. That is what we are really wrestling with; how the District should be organized. We are growing from a small District with some fairly informal procedures into a larger District requiring more sophisticated goal setting, planning and control . In this memorandum I would like to offer some premises upon which to base the District ' s organization, describe a range of organization charts, and make a recommendation to the Board. PREMISES 1. our chief reason for existence as an organization is to provide services to our customers. 2 . Current literature of management theory, most notably Peters and Waterman, stress simple, lean, quick-moving operating structures. 3 . Current literature of management theory, again including Peters and Waterman, stress a balance between control and autonomy in order to achieve productivity and motivation. 4 . The General Manager should be placed in the structure so that he/she can dedicate substantial time to long-range issues and issues that relate the District to the external world. 5. The middle management staff should be focused on short- term plans, control and reporting. 6. The operating staff should be focused on serving customers ' needs and productivity. An organization chart should group tasks in such a manner that the above premises are fostered. PLANNING AND CONTROL It appears from the initial Reiter report and from my own analysis that the District needs to implement a planning and control system that has a better focus on the primary goal of the District. The system that is currently in place puts great emphasis on the Finance Department' s role in planning and control . The result has been some misdirection. The primary goal of the District would be better served by changing the nature of our work order system and placing it under the supervision of a Planning Unit. The Planning Unit, in turn, would serve the needs of the Operations Department. The Purchasing Unit would be able to make good purchasing decisions by making use of the planning that is reflected in the work order process. Purchasing and Warehousing should also serve the needs of the Operations Department, and should be placed accordingly in the . organization chart. In order for the District to make best use of its operating crews and to serve our customers, it is necessary to gather under a single organizational structure the planning, purchasing and warehousing, and operations functions. These functions should work so closely together that they become a single team while maintaining their separate identities. FINANCE DEPARTMENT When we decided to organize a Finance Department three years ago.. we were attempting to bring about certain improvements which we have been unable to realize. 1. We were hoping to reduce one position of a Senior Clerk. This did not happen because the purchasing and work order functions became more centered in the Finance Department. 2 . We were attempting to solve a morale problem which had been caused by feelings of pressure and deadlines. We now have a morale problem due to functions being improperly placed within the organization and due to procedures becoming too burdensome. 3 . We were hoping to streamline our data processing operations, but we have a system now that is less user friendly and does not provide adequate detail to the 2 operating departments. 4 . I, as Manager, hoped to receive better managerial financial information to enable me and department heads to monitor departmental spending by cost center. I feel I have less information now. Under our current procedures, purchasing and work orders are supervised by the Finance Department. If these functions are moved to another place in the organization, the focus of our Finance Department will be accounts payable, payroll, bookkeeping and reporting. In order to keep our middle-management staff as lean as possible, these remaining finance functions can be placed under the office Manager portion of the organization chart. The Finance Department as a separate entity would not be necessary. EXAMPLES OF ORGANIZATION CHARTS Attached are six examples of organization charts. I would like to discuss them individually and cite what I believe to be their strengths and weaknesses. 1. Truckee Donner PUD current organization chart Strengths: a) There is great autonomy for the operations staff Weaknesses: a) The General Manager is focused on short-term problems b) There is no planning, accountability 2 . Grand Jury proposal Strengths: a) Allows the Manager to focus better on long-- range, outside relations b) Provides a lean middle management staff to perform some short-term planning and control. Weaknesses: a) Does not provide sufficient planning b) Does not group related tasks very well c) Does not distinguish between water and power 3 . Chart Number III iStrengths: a) Provides for substantial planning and control 3 b) Allows Manager to focus on long-range plans and outside relations Weaknesses: a) Does not relate tasks well b) Does not provide for lean enough middle management 4 , Chart Number IV Strengths: a) Allows Manager to focus on long-range plans and outside relations b) Provides for a lean middle management c) Provides for planning Weaknesses: a) Does not relate tasks well b) Misplaces the control function 5. Chart Number V Strengths: a) Allows Manager to focus i on long-range plans and outside relations b) Provides a lean middle management staff c) Provides for substantial planning and control d) Relates tasks very well e) Provides for quick service to the customer Weaknesses: a) It may be too early for the position of Assistant General Manager 6. Chart Number VI Strengths: a) Allows Manager to focus on long-range plans and outside relations b) Provides a lean middle . management c) Places planning and 4 control close to operations where it can be balanced with need to serve the customer d) Places related tasks together e) Under this chart the purchasing, warehousing and work orders would be placed under operations, thus reducing the work load of the Finance Department and allowing it to be placed under the Office Manager. Weaknesses: a) As we continue to grow, this chart would become obsolete and Chart Number V would need to be considered RECOMMENDATION I recommend that the Board adopt Chart Number VI. It will focus the effort of the District on services to the customer; will provide for a lean middle management staff so the Manager can stay in touch with operations; it will provide for a proper balance between short-term planning, control and customers; it relates tasks well together; it allows the Manager to focus on long-range plans and outside relations while still being in touch with operations through middle management reports. PLH/smc Attachments 5 A Y n LI �t 1f tl it tl t-► �a 1'1 kvj Board of Directors C uImil[Lus r• Ctxr::�att�rrlts [.��t�rtai Nkrkx��r =�t�;r�t�try N L� J 6 e r r•_ _ .. __ _ ___ ^. r� _. 7e4kKk1�:�1 GusWler 5ervicas ] '�Cric ifaCer LEr«�ir�e�rinq Services Mark8pur i1.s[cr t+wai.ktic�,ir�� l�l l l inq F'uI�lkaair«� I rii:Ceri1�E� , , l r+L f'11I Board of Directors 8(jaid QlvuA Kau Exx�udve _y,-r 4.'Cre kry ry rc�lwluntjs- ElgJifeedrvy QxmiLiu-ts Orrim 'ILI itivice (AIPUter [la bi I I inn r- 3..),eratiolls ne it,I t"t et .t,I TRUCKEE DONNER PUBLIC UTILITY DISTRICT ORGANIZATIONAL CHART VOTERS BOARD OF DIRECTORS DISTRICT � s COUNSEL —_� GENERAL MANAGER EXECUTIVE SECRETARY CUSTOMER FINANCE TECHNICAL WATER ELECTRIC SERVICES AND SERVICES ENGINEERING ENGINEERING ACCOUNTING AND AND OPERATIONS OPERATIONS ENGINEERING ; —w-- SERVICES ___- - UNIT ` I TRUCKEE DONNER ORBLIC UTILITY DISTRICT ORGANIZATIONAL CHART VOTERS BOARD OF DIRECTORS t DISTRICT { COUNSEL GENERAL MANAGER EXECUTIVE SECRETARY CUSTOMER FINANCE ENGINEERING SERVICES AND ACCOUNTING AND OPERATIONS ENGINEERING WATER ELECTRIC TECHNICAL SERVICES OPERATIONS OPERATIONS SERVICES TRUCKEE DONNER P BLIC UTILITY DISTRICT PROPOSED ORGANIZATION CHART --� -- BOARD 4F DIRECTORS DISTRICT EXECUTI VE A UDITOKS COUNSEL —-- GENERAL MANAGER SECRETARY ASSISTANT MANAGER personnel insurance data processing CIVIL ENGINEER ELECTRICAL ENGINEER BUSINESS MANAGER _ FPLA NNING Customer Meter Water Maintenance Purchasing Line Ilookl�eeping Crew Warehousing Crew Billing Services Reading Services g TRUC:KEE DONNER *PUBLIC UTILITY DISTRICT PROPOSED ORGANIZATION CHART � BOARD or DrxWcToxs DlsrxrCT AUDITORS OILS 4SEC ,l'ECU'I I VE COUNSELGENERAL MANAGER RET"ARY CIVIL ENGINEER ELECTRICAL ENGINEER OFFICE MANAGER PLANNING lCustaxx�er Service Meter - Bookkeepingand Billing Reading Bookkeeping Malnterttincc Purchasing Lille Data Processing Crew Services sing Crew I Truckee Danner Public Utility District Post Office Box 309 • 11570 Donner Pass Road O Truckee, California 95734 (916) 587-3896 • General Manager Board of Directors Peter L. Holzmeister Joseph R.Aguera John L.Corbett Richard K.Curran James A.Maass Patricia S.Sutton MEMORANDUM April 2, 1990 To: Peter L. Holzmeister, General. Manager From: Paul Colburn, Finance Supervisor �� Subject: Proposed District reorganization As I discussed with you last Friday, your March 30, 1990 memo to the Board of Directors contains many inaccuracies which need to be corrected. The elimination of the Finance Department along with the Finance Supervisor position will not solve the problem of the District' s current lack of planning. The accounting systems that I have designed and implemented will complement the planning process. I am still unclear as to what part of the Finance Department's duties are resulting in misdirection as this has never been communicated to me. Concerning your comments on the Finance Department not realizing improvements, I am gravely concerned that you have never discussed these issues with me before. Your goal of eliminating a position was never conveyed to me. With the present duties assigned to the Finance Department, all of my personnel are efficient and productive. Only by analyzing all positions in every department could the elimination of a position ever take place. Over the last three years the Finance Department has had many accomplishments. We have vastly simplified the accounting system while being able to provide accurate and timely information. I was also able to identify and correct accounting errors in the system which resulted in a $1, 778, 637 accounting adjustment on our financials in 1987 . We now have complete work papers that we can provide to our auditor that are accurate and timely. When I came to the District the property postings were nearly two years behind. These postings are now current and our property records are much more accurate. The morale problem of the District does indeed exist. It is not a result of the actions of the Finance Department. Any procedure that we have implemented is a necessary part of our system of financial controls. I would happily review with you any procedure you believe to be too burdensome. The data processing operations of the District have been greatly streamlined and improved. The financial and customer accounting functions are much more user--friendly and provide us with information that was never available before. Again, your concerns on this matter were never communicated to me. Your fourth comment concerning the lack of managerial information is once again an item that you never relayed to me. We have a wealth of information that is readily available, but I cannot provide you with something if you don't convey your needs to me. In reviewing your current organizational chart, I find that my position does not even exist. My job description (copy attached) states that I report to you. I assumed the position and job description was approved by the Board when I was hired. I'm confused as to why it is not reflected in the organizational chart. I do not believe the organizational chart you are recommending is in the best interest of the District. As the District continues to grow, we will face many issues on which a qualified finance person' s experience and input will be greatly needed. I believe if you analyze the accomplishments of these past three years that will be very apparent. If the reason for this reorganization is a concern over my job performance, then I would welcome the opportunity to work with you to address your concerns. PC/smc Attachment y" � f 1 FINANCE SUPERVISOR Primary function — Under administrative direction of the General ?-tanager, plans, organizes and directs the fiscal and data processing operation of the District; performs all professional accounting work and does related work as required. Description — The Finance Supervisor is required to perform capably in all . aspects of public agency accounting independent of any direct supervision, and to communicate on a professional level with District management , other departments and the Board of Directors. Typical duties — Plans and directs all accounting and financial record—keeping procedures of the District• — Develops, implements and maintains all procedures and systems of accounting and administers existing systems • Directs the organization and work of accounting department employees • Prepares reports to General Manager and Board of Directors on technical accounting shatters • Consults with other management personnel in matters related to finance and accounting • Assists General Manager in preparation of annual budget • Responsible for all aspects of investment of funds and cash flow • Prepares monthly financial statement and comparison to budget • Prepares monthly expenditure list for approval by Board of Directors With respect to data processing -- • Recommends and implements system modifications • Coordinates the work effort of the various departments as it relates to use of the computer • Writes moderately difficult programs that increase system r . efficiency . Supervises daily operation of computer system to include initializing disks , reviewing pack directories , reorganizing files , s.ibmitting service requests to DSl . Maintains t`e following manuals and logs: system operator's manual , service request log , various on-line application program manuals , RSTS manuals and operator manual , and disk initialization log xd,+cation and experience -- Bachelors degree in accounting. Seven years of responsible experience in administering the fiscal operations of a public agency, preferably a utility , considerable experience in data processing supplemented by training in computer operation and programming. Knowledge and skills - Knowledge of the utility industry; principles of administration, management , supervision and program planning-. financial management information systems; data processing accounting systems and applications; cost accounting and tax accounting; governmental budgetary practices and procedures. !ability to plan , organize and direct the work of a professional and technical accounting and support staff; analyze management aaJ fiscal problems , and develop and implement effective solutions; plan and direct varied financial , accounting and management information programst prepare clear and concise reports on complex financial and accounting matters; communicate effectively; establish and maintain effective relationships with other agencies , departments , employees and the general p�iblic; prepare budgets; train and direct personnel. Licenses and certificates - Possession of an an_ rropriate California driver's license. PLHIsmc 6 ! s i TRUCKEE DONNER PUBLIC UTILITY DISTRICT BILLS FOR BOARD APPROVAL -- APRIL 2, 1990 TOTAL ELECTRIC WATER DESCRIPTION ..__....__..__---..__..____________..W________.._.._____. -----__-__..___....________.._..-.._..____.._-- CRANE SERVICE CORP. 6,388.36 6,388.36 HOIST FOR WAREHOUSE PER M090-09 (6,144.79), TAG LINE INSTALLATION (243.57) CUSTOMER FINANCE CENTER 1,900.39 1,330.28 570.11 CURRAN-PRORATED ANNUAL CHARGES (10.00), AGUERA-CMUA CONFERENCE (481.65), CORBETT-CMUA CONFERENCE (379.50) , HOLZMEISTER--CMUA CONFERENCE (556.58), NCPA (6.05), AIRLINE FOR CORBETT (301.00), DINNER WITH DIRECTORS AT CMUA CONFERENCE (165.61) GRINNELL FIRE PROTECTION SYSTEM 1,053.00 1,053.00 CONVERT DRY SYSTEM TO WET SYSTEM IBM 2,171.75 2,171.75 OPTICAL DISK DRIVE PER M090-40 ,JAMES MAASS 117.12 117.12 REIMBURSEMENT EXPENSES TO NCPA COMMISSION MEETING NEIDEMEYER--MARTIN CO. 8,223.75 8,223.75 INV-45 CLASS 3, 35' POLES PER M090-20 PORTER, SIMON, GRAHAM, PHELPS 3,648.95 1,038.58 2,610.37 GENERAL REPRESENTATION (3,461.95), GATEWAY WATER & CUTTITTA TANK (11.00), WALL STREET PROPERTIES (176.00) RED STAR INDUSTRIAL SERVICES 1,288.53 868.32 420.21 NEW EMBLEMS FOR UNIFORMS (666.19) , REGULAR SERVICE OF UNIFORMS, TOWELS, RUGS (522.34) WESTERN NEVADA SUPPLY 2,306.25 2,306.25 INV--PVC 80 NIP, CURB, STOP, ROCKWELL, ROMAC FCA, RED RIND, BLACK RING, BOLTS, GASKET WESTERN STATES ELECTRIC INC. 1,423.22 1,423.22 INV--#2f0 TRIPLEX WIRE ------------------------------------ 28,521.32 22,614.38 5,906.94 Districtty R Truckee Donner Public Post Office Box 309 1 570 Donner Pass Road Truckee, California 95734 (916) 587-3896 March 28, 1990 MEMORANDUM TO, Peter L. Holzmeister, General Manager FROM: Paul H. Cnlburn, Finance Supervisor SUBJECT: Investment report As of January 31, 1990, the District had the following investment comprised of the funds as detailed. INVESTMENTS YIELD .AMOUNT FOCAL AGENCY INVESTMENT FUND 8.5710 4,146,000.00 ELECTIC FUNDS SREA RESERVE * 19,000.00 GENERAL FUND 1,091,219.05 FACILITIES FEES * 587,723.13 STORM DAMAGE FUND * 182,097.09 BUILDING FUND * 629,635.48 --------------- TOTAL ELECTRIC INVESTMENTS 2,509,674.75 WATER FUNDS FACILITIES PEES * 554,476.81 BUILDING FUND * 350,442.37 RESERVE FOR FUTURE METERS * 526,443. 19 TAHOE DONNER WATER SYSTEM FUND* 82,255.68 WEST RIVER ST. ASSESSMENT DISTRICT BOND REDEMPTION FUND * 9,75.07 PREPAID CONNECTION FEES * 70,469.77 TELEMETRY RESERVE * 42,522.36 --------------- TOTAL WATER INVESTMENTS 1,636,325.25 --------------- TOTAL DISTRICT INVESTMENTS 4,146,000.00 * RESTRICTED FOR SPECIFIC USE PER BOARD RESOLUTIONS TRUCKEE DONNER PUBLIC UTILITY DISTRICT STATEMENT OF GENERAL FUND JANUARY 31, 1990 BALANCE IN GENERAL FUND 12/31/89 1,156,481.60 RECEIPTS ELECTRIC REVENUE 686,139.38 WATER REVENUE 113,754.04 STANDBY ELECTRIC 21,927.44 STANDBY WATER 9,851.46 MISC. BILLING REVENUE ELECTRIC 20,062.83 MISC. BILLING REVENUE WATER 671.12 CONSUMER DEPOSIT'S, ELECTRIC 15,757.42 CONSUMER DEPOSITS, WATER 1,650.00 CUSTOMER ADVANCES-OTHER ELECTRIC 5,903.00 CUSTOMER ADVANCES--OTHER WATER 1,740.00 DISC. REVENUE ELECTRIC 343.38 MISC. REVENUE WATER 239.00 ELECTRIC LAIF INTEREST INCOME FOURTH QUARTER 82,680.5E --------------- TOTAL RECEIPTS 960,719.62 DISBURSEMENTS ACCOUNTS PAYABLE DISBURSEMENTS 934,492.03 LESS VOID CHECKS FOR PREVIOUS MONTHS ( 181.07) TRANSFER TO RESTRICTED FUNDS, FUTURE METER FEES 135.00 TRANSFER TO ELECTRIC RESTRICTED FUNDS-INTEREST 30,790.24 TRANSFER TO WATER RESTRICTED FUNDS-INTEREST 34,626.62 TRANSFER TO BUILDING FUND INVESTMENT, RESTRICTED FUNDS-SPPCO REFUND 5,986.59 --------------- TOTAL DISBURSEMENTS 1,005,849.41 BALANCE IN GENERAL FUND 01/31/90 1,111,351.81 Truckee Donner Public Utility District Post Office Brix 309 s 11570 €nner Pass Road a TrLckee, California 95734 (916) 587-3896 March 30, 1990 MEMORANDUM TO. Peter L. Holzmeister, General Manager FROM: Paul H. Colburn, Finance Supervisor ... SUBJECT: Investment report As of February 28, 1990, the District had the following investment comprised of the funds as detailed. INVESTMENTS HELD AMOUNT LOCAL AGENCY INVESTMENT FUND 8.5380 4,081,000.00 ELECTIC FUNDS REA RESERVE 19,000.00 :3ENERAL FUND 1,033,868.90 FACILITIES FEES 587,723. 13 STORK DAMAGE FUND 182,097.09 BUILDING FUND * 629,635.48 --------------- TOTAL ELECTRIC INVESTMENTS 2,452,324.60 WATER FUNDS FACILITIES FEES * 554,476.81 BUILDING FUND * 350,442.37 RESERVE FOR FUTURE METERS * 526,443. 19 TAHOE DONNER WATER SYSTEM FUND* 82,255.68 WEST RIVER ST. ASSESSMENT DISTRICT BOND REDEMPTION FUND * 9,715.07 PREPAID CONNECTION FEES * 62,819.92 TELEMETRY RESERVE * 42,522.36 ---------------- TOTAL WATER INVESTMENTS 1,628,675.40 --------------- TOTAL DISTRICT INVESTMENTS 4,081,000.00 * RESTRICTED FOR SPECIFIC USE PER BOARD RESOLUTIONS TRUCKEE DONNER PUBLIC UTILITY DISTRICT STATEMENT OF GENERAL FUND rEBRUARY 28, 1990 BALANCE IN GENERAL FUND O1/31/90 1,111,351.81 RECEIPTS ELECTRIC REVENUE 602,378.12 WATER REVENUE 91,602.64 STANDBY ELECTRIC 12,194.67 STANDBY WATER 5,478.93 MISC. BILLING REVENUE ELECTRIC 3,321.94 MISC. BILLING REVENUE WATER 44,021.83 CONSUMER DEPOSITS, ELECTRIC 7,577.58 CONSUMER DEPOSITS, WATER 1,485.00 CUSTOMER ADVANCES--OTHER ELECTRIC 3,353.60 CUSTOMER ADVANCES-OTHER WATER 1,600.00 MISC. REVENUE ELECTRIC 229.24 MISC. REVENUE WATER 90.42 TRANSFER FROM WATER RESTRICTED FUND 7,649.85 BOARD ACTION 2/5/90 M090-30 --------------- ® TOTAL RECEIPTS 780,983.82 DISBURSEMENTS ACCOUNTS PAYABLE DISBURSEMENTS 793,761.40 CASHED STALE DATED CHECK 105.75 --------------- TOTAL DISBURSEMENTS 793,867.15 BALANCE IN GENERAL FUND 02/28/90 1,098,468.48 ' PFRI-,aL ENDINC ?EBR U A cue, -e a ifl CUR:-' 11,T 711PRENT LAST YEAR MON—H AMOUNT COMMERCIAL 2- 6,311. .E2 94 .9 -8 ynni,C STREET .PrID HI GHWAY LIGIn'TIN '"0 TO a ' SALE ^' P RT,3.€C kFUTHO:ITIES 8p 0: & }03 I NNE D E uARTYlENEggL 39 i , 4.9 Z0.32 TOTAL L Cx ALE, STANDBY REVENUE `'L�SL ..-: i' TS.iG z.ttCE 17. z7. ,i 4pup,,HASED POWER 58,63e,14 OFEPIkT iC EXPENSES 53,647,69 `¢ Ts I C 278. E i ,w5 <? 12 f C!UST K �iCC�?UNTINQ I �RRIMATION 2 99 82 E� 2, x4 ADMINISTRATION to GD1HAL ? 453.E 'S•4,54K 9 0-19ER OPERATING EXPENSES TO_Z,. OPIERATING EXPENSES 764, 73,63 NET OPERATING REVENUE 337,520,62C? INTEREST EXPENSE 20,071450CR NET REVENUE 8,_2El3 t9 V ELECTRIC BALAIN'CE SHE! R PER'0 Wa6 FE8R13A.cY 28, ,1190 CURRE N' LAST +YEAR r r MUNT AMOUNT ,S S E T FE-1-TRiCTED FUNDS ,nC�I'�ITIFS FEES Ju `'';Z3 5«�,80.06 CURRENT" A 5 S E 5 ACCOUNTS RECE BLE, toE bra F M,D f5 9 244,711,76 INTEREST INCOME RECEIVABLE s > 32,62 PREPAB EXPENSES AND OTHER 26,�03-- iOTAL CURRENT SEA` UMORTIZED DEBT DIFC AND ISSUE COST ? I"aI I FARM SUIRVE azOSTS AND CYTgip€EPR ",275,87 ------------ TOTAL SSETS ELECTRIC BALANCE SHEET CURRENT LAST YEAR '-T-J AMOUNT :°-_-D AMOUNT ----------------------- --------- --- RETAINED EARNINGS 7,191,914.67 5079,63&3? JEST ADMINISTRATIVE OFFICE BUILDING LEASE 2, 95,000.00 2 S-- .0 0,00 REA 13S,573.52 lssjmw TRUCKEE RIVER BANK - TRUCK LOAN '00 '00 DE PT. OF E E Y .60 37,449.92 TOTAL DEBT 3,111,018.41 3,256,04.64 4. CURRENT LIABILITIES ACCOUNTS PAYABLE 1,116,354.2S 1,29Z,364.45 CONSUMER DEPOSITS ns,soa.ss 229,3Z5.18 ¢;7=�`D COMPENSATION i. TION c RELATED COSTS _1t,4,u,!a 1,.1 668.09 ACCRUED ,�z'?3'��'ts'7,b .. xa- r TOTAL EQUITY AND LIABILITIES lz,174,960.07 11,652,03.62 WATER !NCOKE STATEMENT CURRENf CURRENT LAST YEAR OPERATING REVENU,-E RESIDENTIAL a7,01.Z4 106,97 ,31A. SALES TO UBLI`_ AUTHORITIES '00 ,€0 i MISCELLANEOUS RENTS '00, OPERATIONS DUMPING - POWER PURCHASED 33,245.02 71,53S.81 62,32q,aa TER TREATMENT 7,202.Sb 13,476.27 MAINTENANCE EXPENSES TRANSMISSION & DISTRIBUTION IIJ62. 12' 24,776.56 34,644.46 s €i L MAINTENANCE EXPENSES 15,4 6, a ,3S4.7u 43 272.76 CUSTOMER ACCOUNTING ING & INFORMATION ION 6131. 12,=80.33 9,439.4 ADMINISTRATION & GENERAL !NTERDEPARTMENTAL RENT V 6f AL OPERATING EXPENSE 113,101.66 729,452. 14 219,067.9? OTHER REVENUE ''EXPENSE) EREST EXPENSE 238.10CR 4?5.58CR 4,89 04CR 00 I' N T REVENUE ,.OSS, 3,331.79 64.984.55 R 56,094.34CP ® WATER BALANCE SHEET CURRENT LAST YEAR A 2 3 E T S ------------ UTILITY PLANT 1,aso,s5a.gs RESTRICTED FUNDS FACILITIES FEES SE4,47:.8I 508,0: m, WEST RIVER STREET ASSESSMENT DIST 9,71 07 a,994,66 BUILDING FUND 350,442.37 360,023.20 RESERVE FOR FUTURE METERS 526,443,19 466,C62. 3 TAHOE z=ONNEI WATER SYSTEM FUNK 02_ 55.6a 315, 94.1? r E=A ID CONNECTION FEE; E2;8I 2 64,675,08 TELEMETRY 42, 2.36 20,425.44 CURRENT ASSETS WEST FIVER STREET ASSESSMENT DIST 14,350.68 14,003.25 ACCOUNTS RECEIVABLE, NET 106,636.S7 isy6mm DUE FROM ELECTRIC IZ6,100.aSCR 40Q5.0 MATERIALS AND SUPPLIES 71,493.18 70,slsw INTEREST INCOME RECEIVABLE 57,734.10 26,100m PREPAID EXPENSES 12,063.26 12 391,9 O..Aa CURRENT ASSETS 146,184.90 OTHER 010 TOTAL ASSETS 3,625,419.25 ,529,040.4H S. �. WATER BALANCE SHEET FOR E IOD ENDING FEBRUARY 20, 19941 C ;RHEA:° LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT ------------------------------ RETAINED EARNINGS 3,403,514.27 1,121,380-03 DEB p 227,760.89 B C_.HOE LEASE 14, 1a.; E 2?, s908 TOTAL DEBT 14,31a.07 S0,460.47 CURRENT LIABILITIES ACCOUNTS NTS PAYABLE 46 050,41 46,037.3; CONSUMER DEPOSITS 37,532.0 33,081.79 ACCRUED INTEREST PAYABLE 584.5r 14,6SS.95 DEFERRED �°jTANUB FEES ES _ ,,057 .Cis 12,360.SO Nj ACCRUED COMPENSATION & RELATED COSTS 0,452..44 r ,2S",._ 111,680.65 ,156.68 v.Em ?